The Logix investment that Apollo Global’s sold now was the first real estate deal that the company struck on its own in India. The company is also in talks to raise another Rs200 crore from Apollo Global for its upcoming projects, a top Logix Group executive said. The Logix investment that Apollo sold now was the first real estate deal that the company struck on its own in India. In May 2015, Apollo appointed Nipun Sahni, former managing director, real estate private equity at Merrill Lynch, to head real estate investments in the country. “While India remains a good destination for real estate investments, the real success is in showing exits.

Source: Mint February 26, 2018 19:18 UTC